210 Main StNewbern, TN 38059

  • Retail space
  • 1,722 SF
For Lease
$6.97/SF/YR View listing

Property Details for 210 Main St

Year built
1900
Lot size
0.04 AC
Property size (Sq ft)
1,722 SF
Property type
Retail space
APN
023047I E 02100
APU
023047IE02100

Description

This exceptional commercial building, located at 210 E Main Street in the heart of Historic Downtown Newbern, presents a unique leasing opportunity. The property offers 1,722 square feet of versatile space, ideally suited for a restaurant or retail establishment. Its prime location on the town square ensures high visibility and foot traffic. A key feature is the inclusion of a commercial kitchen hood with a suppression system, making it particularly attractive to food service businesses. The building is a single-tenant space, offering exclusive use and control. Ample parking is available with 7 designated spaces. The property's address is 047I E 021.00. This is a rare chance to secure a well-equipped and strategically positioned commercial property in a thriving historic district. The building's size and amenities make it an excellent choice for a variety of businesses seeking a prominent location with established infrastructure. The property is ready for immediate occupancy and offers a unique opportunity to establish or expand a business in a vibrant and historic setting. Don't miss this chance to secure a prime location in the heart of Newbern's downtown area. Inquire today to learn more about this exceptional commercial property.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $578,611
    6.5%
    $534,102
    7%
    $495,952
  • Comparable approach

    Method
    Valuation
    Relative Method
    $338,303
    Geo Method
    $338,303
  • Alternative Use

    Use
    Valuation
    Residential
    $450,535
    Hospitality
    $412,688
    Educational
    $343,351
    Medical
    $355,160
    Retail
    $534,102

Location Insight

City
Newbern
County
Dyer
State
Tennessee
Latitude
36.1131
Longitude
-89.2627
CBSA code
20540
CBSA name
DYERSBURG, TN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
-
$2,840
$9,080
$11,920
-
$7,100
$22,700
$29,800

FAQs

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